Ocautoseeker,So, if my offer to the dealership should be: Invoice price minus $400-$500, then I should simply take the Edmunds or KBB price as stated on their website. This way, I should be getting the best deal, right?

Question: Lifts on Tundra Crew & WarrantyI ordered a 08 Tundra Crewmax 4x4 this week. I am going to put a lift on it when it comes in through the delearship (they send it out). I went to 3 different Toyota delearships and asked about the lifts. One said that I can get a lift no more than 6"'s (which is what I want), the other two said no more than 3" (which is okay). Does anyone know the answer? Are there any articles? If you have a lifted Tundra, do you like the lift.

Anyway - I've heard that for people (my wife) that like to turn over cars < 3 years, leases are an attractive option. There's a lease "assumption" that's available quasi-locally (private party) that I'm considering:

2007 Tundra, 5.7, 4wd, crew cab. Est purchase price $41k$5000 down (I pay the guy currently leasing it)Lease started in 7/2007.12k/year mileage allowance (this is OK, as the wife could walk to work)Currently has 8500 miles.Lease cost: $339/mo for a total of 36 months (from 7/2007)I believe the residual is: 56%

Deal / no deal? The payments are unusually low - he says he put $7500 down + some trade it, which is why he's asking for the $5k. General comments?

I wouldn't do it. You would end up paying $14,492 to drive a vehicle for 28 months which works out to $517.57 a month. You can work a better deal from the dealer and get a 2008 without any miles on it. They are offering SR-5's for $289 with $1999 down at my local dealer.

I will bet you $ to donuts that you can lease that 40k truck new with no money down for under 500 month. If you are inclined to put 5k down on it (which I wouldnt do) payment would be substantialy less. Remember, you need to work a deal just like buying it. I have seen those 40k trucks going for as much as 10k off, with rebates (currently 2750 I think)Lets say you can lease that 40k truck for say 33k. You pay any tax/fees.I bet it would be close to 450. New, no miles and cash left in your pocket.I'm just estimating of the top of my head but I have leased 5 toyota trucks over the last 20 years. Their is also a web sight I stumbled across once that had leases from all over the country you could assume. Pretty much any make model you could want.BMW, Lex, toy, american. I noticed some very sweet deals but didnt investigate any closer. Do a google or two and I bet you could find it. And in regards to money down. Fine when you buy it, when its paid you have equity, you can perhaps get the downpayment back in a sale or trade. When you lease their is RARELY any equity to trade.Good luck.

Hard to say without the VIN as every Toyota carries a different residual value. It's not a straight 53%, 55% etc. like some manufacturers. MF's also vary quite a bit by region, but .00029 -.00059 is what we're seeing for Tier 1+ customers as an average across the nation for the month of March.

TFS doesn't do 24 mo leases for 12k annual miles, only for 15k (I know... weird!), But, in my best educated guess, given I don't have the exact residual, mf, and cap cost for a specific truck... with drive offs only, assuming a cap cost reduction/discount of ~$4000, & 7% local sales tax, you'd probably be somewhere bewteen $475-$530/mo on a Tundy that carries a $42k list. Vehicle probably has a residual near 52% for 36 mo and 42% for 48 mo assuming 12k annual miles.

Remember, with special subvented money factors, cash rebates do not apply. It's like choosing betwen the rebate and 0% financing on a purchase... you only get one or the other.

4x2 CrewMax, limitedFound out the "assumption" wasn't a deal due to asking up front cost.Also found other websites online that allowed me to compare lease assumptions.

Ballpark, I can get into a 33-34k truck + tax for a $399 lease - use that as the "gauge" for new truck leases.

Older lease assumptions may be worse, the Tundra was selling much better in 07.

Residual.. Well, I haven't figured out if I'd actually want to buy it. No cost for turning it over through Toyota Financial.

Anyone know if Toyota Financial will have the ability to negotiate a buyout on a lease - seems like there are going to be a good number of 07 Trucks that sold for higher prices than the discounted 08s and the residuals are going to be bad.

Anyone know if Toyota Financial will have the ability to negotiate a buyout on a lease - seems like there are going to be a good number of 07 Trucks that sold for higher prices than the discounted 08s and the residuals are going to be bad.

Actually, the residuals on the new Tundra were pretty low right from the start. In fact, when the CM first hit, the residual was very close to the residual on my &#146;05 DC. So either they knew from the start they were going to discount them or they were just being conservative. The current leases are better deals simply because of the decrease in selling price.

I don&#146;t recommend leasing to anyone. I&#146;m a CPA and have done a ton of lease vs buy comparisons and it&#146;s generally not a good financial decision. Now, if you just want to pay more for some possible convenience (or inconvenience depending on the circumstance) that&#146;s another story.

That being said, I have assumed several leases over the years. Usually bailing out people that HAD to get out of their lease for whatever reason and I was able to find value in that. But for every good lease assumption out there on swapalease or leasetrader, there&#146;s a ton of really bad ones. I did really well on my first two, but this last one (my &#146;05 Tundra) was just ok. The residual was higher than real-world wholesale value and Toyota would not negotiate at all. I also had to have a dealer handle the purchase because Toyota Financial will not sell the vehicle directly to you. Basically, the dealer bought the truck from Toyota and then sold it to me (with a small paperwork fee ..). So that was a pain as well, where prior leases I&#146;ve just sent the check and they sent me a title.

I actually kept this truck because it wasn&#146;t a terrible deal to buy and I really like the truck. In the past I&#146;ve always bought out the lease and resold the truck and made a big chunk of my payments back. Prior to this I assumed an &#146;03 Silverado for 24 months and my net cost was around $1,800 after I bought/sold it. Not bad for a basically new vehicle. I had expected to have about $2,000 in the Tundra across 24 months, but the market went to pot so there wasn&#146;t as much resale profit potential. Don&#146;t play these games if you can&#146;t afford it!

36/12k lease assuming a cap cost of invoice ($38,801), you're looking at $526.56/mo (includes 6% tax). Price does not include the $550 lease acqusition fee which can either be paid upfront or capped into the lease. Vehicle carries a 51% residual value.

48/12k (42% residual) - $482.07 (includes 6% tax)

Numbers assume a money factor of .00029 for TFS Tier 1 + customers, but it may vary slightly in your region.

I am in Florida and am being quoted 45% residual on a 2008 CrewMax Limited, 2wd for a 36m/12k lease. The money factor is .0184.Although the trucks are discounted heavily, the low residual and high money market make for high lease payments. Is this the same throughout Florida?

In addition, with my $2k down, Toyota offered an incentive of $4,500 cash toward my down payment. The color and truck specification matches what I&#146;m looking for as it has the bench seat as opposed to the captain chair. My offer was $320 - $340/mo on a 48 mo lease.As I was walking away the guy shouted $360/mo or 60 months. I kept walking. Based on the numbers given, what the adequate negotiable payment?

don't take this personally, but, you'd be foolish to do a 5 year lease!Take the 5500 rebate (expires 7/7/08) & buy the truckDown here (in So. Cal), 100 over invoice is the max I would pay on that truck.

Regards Awedio. I took the advice and visited the dealership once more .

Here is the new offer I was given on a 36 mo lease with a $1,500 cash incentive:MSRP: $33,400Invoice: $30,810Cap: ???Residual: $17,764 12k miles/yr. Dealer requires $4,000 down Monthly Payment including tax: $323.50

I&#146;m still negotiating on a 2008 Tundra 4x4 Crew Cab - 5.7 engine, however, since this deal still requires a $4K, I felt reluctant to move forward. They say the offer ends tomorrow &#150; July 7th. What would you do if you were in my shoes?

"I strongly suspect that consumer auto leases (at least those sponsored by the auto manufacturers) will be history by the end of the year.

Chrysler has already announced that they will exit the lease business on August 1st. Cerberus Capital not only owns Chrysler and Chrysler Financial but controlling interest in GMAC as well. So I suspect GM will follow shortly.

Ford took a $2.1 billion charge for the quarter due to falling lease residual values.

Honda just released their first quarter financial report and noted that they expect falling lease residual values in the USA to cut their operating profit by $231 million. Just look at the residual calculations on 2006 Ridgeline's as an example of how wildly they miscalculated.

I believe the manufacturer sponsored consumer lease will soon be history. Only time will tell."

I am about to make a purchase and I'm trying to decide whether I should lease or buy. The conventional wisdom is telling me that if I plan on keeping it I should buy it outright, but the dealership in Houston, TX is offering me an extra $2K incentive for leasing. Should I take the bait??

* I managed to negotiate the truck to $22,800 (including 3500 worth of installed options) - This deal is after the $5K manufacturer's incentive currently being offered.

The deal being offered based on my questions to the dealership:

36 months lease / 12K miles / 325 down (1st payment), but I can't seem to get him to tell me what Money Factor used to arrive at the number and he claimed that the residual value will be 17K at the end of the lease. I don't seem to be able to understand how he came up with that 325.33 monthly payment.

I have a lease deal proposed to me with a Money Factor of 0.00340 on a 36 months lease with a residual value of 17,500 on a Tundra 2008 with the selling price after 7K of rebates/incentives. Is that a good deal?

that's an atrocious mf!! they have to be quoting you numbers from an outside lender. tfs' rates are very low right now in most regions,making it a great time to lease a tundra, if you don't mind the extra fuel expense, though.

in many regions, if you qualify for tfs' tier 1 + credit, your rate will hover around 1%.